The right policy for the life you’re building.
Every family is different. Here’s how each type of coverage works, who it suits, and what to expect for cost.
Term life
Coverage for a set number of years — usually 10, 20 or 30. If you pass away during the term, your beneficiaries receive the full benefit, tax-free in most cases.
- Lowest cost per dollar of coverage
- Ideal while raising kids or paying a mortgage
- Often convertible to permanent coverage
Whole life
Permanent coverage with a fixed premium and guaranteed cash value growth. Some policies also pay dividends, though these aren’t guaranteed.
- Premium never changes
- Predictable, conservative cash value
- Useful for estate and legacy planning
Indexed universal life
Permanent coverage with cash value credited based on an index, subject to a cap and a floor. Premiums can flex within limits.
- Upside potential with downside floor
- Tax-advantaged access through policy loans
- Requires disciplined funding
Sample monthly term rates
Illustrative rates for a healthy non-smoker, 20-year level term. Your actual price depends on health, lifestyle and carrier.
| Age | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| 30 | $13 – $16 | $20 – $25 | $33 – $42 |
| 40 | $18 – $22 | $29 – $36 | $52 – $64 |
| 50 | $41 – $52 | $72 – $90 | $135 – $170 |
| 60 | $108 – $135 | $198 – $250 | $385 – $480 |
Rates are illustrative examples only and are not an offer of insurance.
Coverage for business owners
Your business is often your largest asset — and your family’s biggest risk if something happens to you or a partner.
- Key person coverage protects the company if a critical employee or owner passes away.
- Buy-sell funding gives surviving partners the cash to buy out an owner’s share.
- Executive bonus plans use permanent life insurance to reward and retain top people.
Before you apply
Light the way for the people who count on you.
A 30-minute strategy call. We’ll review what you have, what you need and what it would cost — then you decide.